Current Affairs - Miscellaneous - Discussion

Discussion Forum : Miscellaneous - Latest Current Affairs (Q.No. 3476)

2020-07-20 Miscellaneous

3476.

As per the research report of India Ratings and Research (Ind-Ra), Centre's fiscal deficit is estimated to increase to how much in FY21?

4.6%

2.6%

5.6%

7.6%

Answer: Option

Explanation:

As per the research report of India Ratings and Research (Ind-Ra), Centre's fiscal deficit is estimated to increase to 7.6% in FY21, which is twice the budget estimate as the country spends more to mitigate the impact of COVID-19 pandemic, facing a shortfall in revenues.